Mohawk Industries Inc Q3 adjusted earnings Beat Estimates

(RTTNews) - Mohawk Industries Inc (MHK) reported earnings for third quarter that declined from the same period last year.

The company's profit totaled $155.52 million, or $2.15 per share. This compares with $227.01 million, or $3.02 per share, in last year's third quarter.

Excluding items, Mohawk Industries Inc reported adjusted earnings of $199.43 million or $2.75 per share for the period.

Analysts had expected the company to earn $2.63 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.2% to $2.52 billion from $2.55 billion last year.

Mohawk Industries Inc earnings at a glance:

-Earnings (Q3): $199.43 Mln. vs. $246.29 Mln. last year. -EPS (Q3): $2.75 vs. $3.29 last year. -Analysts Estimate: $2.63 -Revenue (Q3): $2.52 Bln vs. $2.55 Bln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.